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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Triplearc | LSE:TPA | London | Ordinary Share | GB0031067340 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.92 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4970Y TripleArc PLC 16 February 2006 16th February 2006 TripleArc Plc ('TripleArc' or the 'Company') Board Changes and Trading Update Board changes The Company announces that with effect from today, 16th February 2006, Richard Atkins has been appointed as non-executive Chairman of the TripleArc Board. Richard has spent the majority of his career within the IT and Support Services industries, most recently at IBM where he held a number of senior positions in marketing, strategy and general management. In 1991, as finance director, he led the MBO of Data Sciences from Thorn EMI before managing its acquisition by IBM in 1996. Richard is an FCA and is also a non-executive director at Compel Group plc and Global Crossing (UK) plc. Also effective today, the Company announces that Chris Pople, JT Wong and Nick Haigh have resigned from the TripleArc Board. Chris Pople and JT Wong will be leaving the Company to pursue other interests and the Board wishes them every success for the future. Nick Haigh will remain with the Company to continue to assist in the development of the sales function. Trading Update The Company will be releasing its preliminary results for the year ended 31 December 2005 in April 2006. Whilst 2005 was a difficult year, the TripleArc Group continued to generate good levels of operating cash flow which enabled the Company to manage its debt efficiently. The Company's long term loan facility with HSBC decreased by #1.25 million on the prior year and the Company's net debt position at 31 December 2005 (including the invoice discounting facility acquired with the Stream business) stood at #17.7 million. The Board remains confident in the prospects for TripleArc and looks forward to further updating shareholders in April. Jason Cromack, CEO of TripleArc, commented: "On behalf of the Board I would like to welcome Richard to TripleArc. Richard's wealth of knowledge and experience will prove invaluable in helping us to deliver on our growth strategy and in shaping the future direction of the Company. I believe he will prove a valuable member of the team and look forward to working with him. This year is all about driving growth and working with our customers to deliver added-value solutions that provide them with sustainable cost savings in their communications strategies. We have worked hard to ensure that the Company is now on a firm footing to deliver shareholder value in 2006." Richard Atkins, said: "I am delighted to be joining the board of TripleArc as Chairman. As more and more companies look to the benefits of outsourcing, the growth opportunities available to TripleArc are encouraging and I look forward to working with the executive team to deliver value to TripleArc shareholders." For further information: TripleArc Plc - 0117 933 1000 Jason Cromack Weber Shandwick Square Mile - 020 7067 0700 Terry Garrett / Nick Dibden Further information on Richard Atkins The following disclosures are being made pursuant to Paragraph G of Schedule 2 to Part One of the AIM Rules: Full name and age: Richard Charles Atkins (FCA) aged 53. Current directorships: Compel Group plc Global Crossing (UK)Finance plc Global Crossing (UK) Telecommunications plc Quillot Associates Ltd Directorships in the last 5 years: IBM United Kingdom Trust Ltd - Resigned December 2004 Mr Atkins has also confirmed that. * he has no unspent convictions in relation to indictable offences; * he has not been involved in any bankruptcies or individual voluntary arrangements; * he has not been involved in any receiverships, compulsory liquidations, creditors voluntary liquidations, administrations, company voluntary arrangements or any composition or arrangements with creditors of any company where he was a director with an executive function at the time or within the 12 months preceding such events; * he has not been a partner at the time of or in the 12 months preceding any compulsory liquidation, administrations or partnership voluntary arrangements of any partnership; * he has not been a partner of any partnership at the time or in the 12 months preceding any receiverships of any asset of such partnerships and none of his personal assets have been subject to receiverships; and * he has not been the subject of any public criticism by any statutory or regulatory authority and has not been disqualified by a court from acting as director of a company or from acting in the management or conduct of the affairs of any company. This information is provided by RNS The company news service from the London Stock Exchange END MSCSFMFAISMSEIE
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